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www.insideHALTON.com · OAKVILLE BEAVER Wednesday, January 18, 2012 · 16 Education savings 101 (NC)--Not convinced that opening a Registered Education Savings Plan (RESP) for your child is worth it? The federal government can actually help your savings grow. Consider this scenario: Imagine your family saves $2 a day per child, or approximately $700 a year, in an RESP. The federal government will add a minimum of $140 through the Canada Education Savings Grant on what you saved. In addition, depending on your family income, you can get an extra $50 or $100 per year. You can keep contributing to the RESP until your child is ready to use the money for his or her education after high school. Your child can get up to $7,200 in grant money from the government. The federal government will keep adding the grant to your savings until your child is 17, so the more you save, the more you get. At $2 a day for 17 years--along with the federal grant (plus interest)--the savings grow to well over $14,000. Imagine having that kind of cash to draw from for just a Toonie a day. CanLearn.ca tells you how to open an RESP, how friends and family can contribute, and how you might qualify for other grants such as the $500 Canada Learning Bond for low-income families. You can also call tollfree 1-800-O-Canada (1-800-622-6232) or visit a Service Canada Centre for more information. Scholarships offer financial support to students available including bursaries, student bank loans and scholarships. · Student Awards--Help students find information on scholarships, bursaries, grants and other forms of financial assistance. They also offer unique scholarships to online members that are available at www. studentawards.com · Student bursaries - Bursaries are typically awarded on the basis of financial need. · Canadian Merit Scholarship Foundation--The foundation assists students with outstanding academic and leadership excellence (www.cmsf.ca). Most scholarships have online applications and early deadlines. It's important that students start their research early to ensure they meet the deadlines. Further scholarship information, including application deadlines, can be found online at www.rbcroyalbank.com/scholarships. www.newscanada.com A Highly Customized Approach to Traditional Private Education S mart Bo S (NC)--Many students today strive to make ends meet and are looking for ways to earn money to cover the costs of post-secondary education. According to an RBC poll, 35 per cent of students plan to rely on scholarships and/or bursaries to support themselves while in school. "I would like to offer my sincere appreciation to RBC for their effort in supporting students while they work to achieve their goals," said Tia Howell, previous winner of an RBC Royal Bank scholarship award for undergraduates. "I am honoured and thrilled to know that my extracurricular and academic efforts have paid off." Ms. Howell is pursuing a degree in nursing at Dalhousie University www.newscanada.com and eventually would like to be a pediatrician. Below, are just a few financial options available to all students: · RBC awards over $250,000 in Scholarships--Explore all financial options OOCL s H C S n Every las T R i MA ards · Academic & Applied Courses · Every Student has an Individual Education Plan Please join us for an Open House at our Oakville Campuses Seeing is Believing! Sat. Jan. 21 10am-2pm OPEN HOUSE · 30,000 square foot modern facility · 12 Students per class · Bussing and GO Station shuttle available · Multidisciplinary team including a comprehensive psychology department Saturday, January 21, 2012 from 10:00am - 2:00pm Chisholm Academy High School 1484 Cornwall Road · 905-844-3240 · www.chisholmcentre.com Oakville Primary Campus 2045 Sixth Line Oakville Elementary Campus 2050 Neyagawa Boulevard Rotherglen School what school should be